Virtu Financial LLC Has $918,000 Stock Holdings in Navitas Semiconductor Corporation $NVTS

Virtu Financial LLC boosted its holdings in shares of Navitas Semiconductor Corporation (NASDAQ:NVTS) by 156.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,615 shares of the company’s stock after purchasing an additional 78,409 shares during the period. Virtu Financial LLC’s holdings in Navitas Semiconductor were worth $918,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in shares of Navitas Semiconductor by 104.8% during the 2nd quarter. American Century Companies Inc. now owns 241,450 shares of the company’s stock worth $1,581,000 after buying an additional 123,577 shares during the period. Prudential Financial Inc. acquired a new stake in Navitas Semiconductor in the 2nd quarter valued at $120,000. New York State Common Retirement Fund grew its position in Navitas Semiconductor by 102.7% in the second quarter. New York State Common Retirement Fund now owns 40,255 shares of the company’s stock valued at $264,000 after acquiring an additional 20,400 shares during the period. Invesco Ltd. grew its position in Navitas Semiconductor by 75.2% in the second quarter. Invesco Ltd. now owns 3,206,008 shares of the company’s stock valued at $20,999,000 after acquiring an additional 1,376,205 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Navitas Semiconductor by 2,514.3% during the second quarter. Baird Financial Group Inc. now owns 419,237 shares of the company’s stock worth $2,746,000 after acquiring an additional 403,201 shares in the last quarter. 46.14% of the stock is owned by institutional investors and hedge funds.

Navitas Semiconductor Stock Performance

Shares of NVTS opened at $24.02 on Monday. The stock has a fifty day moving average price of $20.49 and a two-hundred day moving average price of $13.00. Navitas Semiconductor Corporation has a 52-week low of $5.44 and a 52-week high of $34.17. The company has a market cap of $5.61 billion, a price-to-earnings ratio of -38.13 and a beta of 3.75.

Navitas Semiconductor (NASDAQ:NVTS) last announced its earnings results on Tuesday, May 5th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The company had revenue of $8.60 million for the quarter, compared to analysts’ expectations of $8.22 million. Navitas Semiconductor had a negative return on equity of 14.30% and a negative net margin of 330.67%.The business’s revenue for the quarter was down 38.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts predict that Navitas Semiconductor Corporation will post -0.39 EPS for the current fiscal year.

Analyst Ratings Changes

NVTS has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “underweight” rating and set a $13.70 target price on shares of Navitas Semiconductor in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Navitas Semiconductor from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Robert W. Baird boosted their price target on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised shares of Navitas Semiconductor from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Navitas Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $14.74.

Insiders Place Their Bets

In related news, Director Gary Kent Wunderlich, Jr. sold 73,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.11, for a total transaction of $2,052,030.00. Following the transaction, the director owned 13,964 shares in the company, valued at $392,528.04. This represents a 83.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Chris Allexandre sold 13,323 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $31.81, for a total transaction of $423,804.63. Following the sale, the chief executive officer directly owned 1,072,633 shares in the company, valued at approximately $34,120,455.73. This represents a 1.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,989,478 shares of company stock valued at $116,356,387. 12.40% of the stock is owned by corporate insiders.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.